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Karachi, October 24, 2012 (PPI-OT): We have to inform you that the Board of Directors of our Modaraba Management Company in their meeting held on October 24, 2012 at 10:00 a.m. at Room No. 405, 4th Floor, Beaumont Plaza, Civil Lines Quarters, Beaumont Road, Karachi, recommended the following:
The Financial results of the Modaraba are as follows:
|
Rs in ‘000 |
||
|
Jul-Sep |
Jul-Sep |
|
|
2012 |
2011 |
|
| Sales |
177,612 |
191,845 |
| Cost of sales |
153,737 |
164,663 |
|
——- |
——- |
|
| Gross profit |
23,875 |
26,982 |
| Operating expenses |
8,464 |
9,999 |
|
——- |
——- |
|
| Operating profit |
15,411 |
16,983 |
| Murabaha charge |
(1,403) |
(900) |
| Other income |
911 |
362 |
| Uurealized appreciation/ (diminution) | ||
| on re-measurement of investments |
113 |
(134) |
|
——- |
——- |
|
|
15,032 |
16,311 |
|
| Profit payable to the Modaraba company as their | ||
| remuneration |
– |
1,468 |
|
——- |
——- |
|
| Profit before taxation |
15,032 |
14,843 |
| Taxation |
7,042 |
9,079 |
|
——- |
——- |
|
| Profit for the quarter |
7,990 |
5,764 |
|
——- |
——- |
|
| Earnings per certificate-basic and diluted |
2.66 |
1.92 |
For more information, contact:
Shabbir Ahmed Jamsa
Company Secretary
First Imrooz Modaraba
Room No. 405, 4th Floor,
Beaumont Plaza,
Beaumont Road. Civil Lines Quarters,
Karachi – 75530, Pakistan
Tel: (+92-21) 111 IMROOZ, 3522 2743
Fax: (+92-21) 3522 2668
E-mail: inquiries@imrooz.com